Hedge accounting: what will IFRS 9 amendments mean for you?

The IASB published amendments to IFRS 9 on hedge accounting in November 2013. This is the third phase in the project to replace the accounting for financial instruments under IAS 39. The new requirements align hedge accounting more closely with risk management, and so should result in more ‘decision-useful’ information to users of financial statements. The requirements, which address general hedging of financial and non-financial items, will have an impact on most businesses currently doing hedge accounting or considering it.

This video looks at the amendments to IFRS 9 as published in November 2013, which focus on hedge accounting. For guidance on classification and measurement, and impairment, including the final IFRS 9 transition requirements as published in July 2014, click here.

The video helps companies, especially non-financial ones, understand the new requirements and how they will impact their financial statements, current risk management practices and investor communications, among other issues.